Wednesday, May 23, 2007

China's Chery say deal with Chrysler not halted

(Reuters) - The decision, the paper said, came after DaimlerChrysler agreed last week to sell its money-losing Chrysler Group to private equity firm Cerberus Capital Management LP in a $7.41 billion deal.




But a Chery spokesman told Reuters on Wednesday that the newspaper had misquoted his colleague and that the earlier deal with Chrysler Group was progressing.


Read more at Reuters.com Business News

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